Shares of Docebo Inc. (DCBO) plummeted 5.18% in the intraday trading session on Tuesday, underperforming the broader market.
The decline was driven by Scotiabank's decision to lower its price target on the stock to $45 from $55, although the firm maintained an Outperform rating on the shares. The analyst cited concerns about the company's recent performance as the reason for the target revision.